- Xalles Holdings recently reported its fifth consecutive quarter of revenue production and is building an acquisition and valuation strategy for further revenue generation in e-commerce sectors
- Electronic, non-cash payments continue to grow in popularity as a result of increasing mobile device use for financial transaction payments worldwide
- Xalles initiatives expected to be deployed during the coming year include development of a proprietary system for auditing and reconciling complex financial transactions, as well as acquisition of a revenue-generating mortgage business
Payment auditing services company Xalles Holdings Inc. (OTC: XALL) recently reported its fifth consecutive revenue-producing quarter and expectations for future revenue growth, as well as asset value growth utilizing the expense management know-how that it markets to B2B and governmental clients.
“The structure and growth plan for the company contains a balance of diversity and synergy so that we can effectively use limited resources to obtain the best results,” Xalles Holdings CEO Thomas Nash stated in announcing the company’s second quarter financial filing (http://ibn.fm/GtCzl).
Nash added that, during the second half of 2019, the company “will see the culmination of the fundraising efforts, acquisitions and organic growth” in preparation for “tremendous growth in 2020.”
Xalles Holdings anticipates cumulative profitability through its seven subsidiaries. This includes Xalles Limited’s development of a proprietary X2X system for reconciling financial transactions in business and government payment applications, as well as post-payment auditing. The new version of the system is expected to be deployed in 2020.
Subsidiary Xalles Financial Services is in the process of preparing to promote a tested cryptocurrency trading engine this year and aims to boost its value through multiple cryptocurrency asset portfolio acquisitions. The company is also completing its due diligence for the acquisition of LYC Mortgage, which is expected to drive dramatic new revenue next year as mortgage business portfolios are acquired.
Aside from the Xalles-branded companies are the company’s unique subsidiaries of Co-Owners Rewards, Amazing Living Enterprises and the Global Savings Network. All three are expected to reach profitability in 2020 as they expand and market new products as part of Xalles’ strategy to become the dominant provider of fintech solutions.
Xalles’ core operations focus on providing payment solutions to consumers while building solutions to support more complex payment management needs for governmental entities and large businesses. Two key areas of strategic market plays will include electronic payments and B2B eProcurement and eCommerce, according to the company’s Q2 report (http://ibn.fm/BPD1Z).
Noncash transactions are poised to exceed 1 trillion for the first time in 2023 as the use of cash continues to drop worldwide, according to Business Insider Intelligence (http://ibn.fm/6YX4r), which predicts that increasing mobile electronics use for transacting payments will be the biggest driver for e-commerce despite the ongoing popularity of physical finance cards – comprising 44 percent of the $1.9 trillion forecast to be traded by e-commerce in 2024 and 68 percent of the $760 billion traded through peer-to-peer (P2P) computer networks.
Capgemini’s and BNP Paribas’ World Payments Report for 2018 predicted that global non-cash transaction volumes will see a CAGR of 12.7 percent for the period between 2016 and 2021, rising from the 482.6 billion transactions it reported during 2015-2016 as developing markets continue to advance their ability to be responsive (http://ibn.fm/3RNuN).
For more information, visit the company’s website at www.Xalles.com